China-U.S. trade talks must be based on equality, sincerity: senior official

BEIJING, Sept. 25 (Xinhua) -- China is open to consultations and negotiations to resolve trade issues with the United States, but such talks must be based on equality and sincerity, a senior offici...

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Xinhua

September 26, 2018

A press conference concerning a white paper titled "The Facts and China's Position on China-U.S. Trade Friction" is held at the State Council Information Office in Beijing, capital of China, Sept. 25, 2018. China International Trade Representative and Vice Minister of Commerce Fu Ziying, Vice Minister of Commerce and Deputy China International Trade Representative Wang Shouwen, Deputy Head of the National Development and Reform Commission Lian Weiliang, Vice Minister of Industry and Information Technology Luo Wen, Vice Minister of Finance Zou Jiayi, Deputy Director of the State Intellectual Property Office He Hua, Vice Head and Spokesman of the State Council Information Office Guo Weimin attended the press conference. (Xinhua/Chen Yehua)

China-U.S. trade talks must be based on equality, sincerity: senior official

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BEIJING, Sept. 25 (Xinhua) -- China is open to consultations and negotiations to resolve trade issues with the United States, but such talks must be based on equality and sincerity, a senior official said Tuesday.

When the high-level trade talks can be restarted entirely depends on the U.S. side, said Vice Minister of Commerce Wang Shouwen, who is also Deputy China International Trade Representative.

The United States, disregarding overwhelming international and domestic opposition, recently announced the decision to impose additional 10-percent tariffs on 200 billion U.S. dollars worth of Chinese products from Sept. 24.

Wang said that after four rounds of high-level trade talks between the two sides, a great deal of consensus has been reached, but the United States has failed to keep its promise and abandoned the consensus, which made it difficult for talks to continue.

A trade war is not in line with the interests of both sides, and putting an end to the war is the way out, Wang said, adding that as long as the two sides treat each other as equals, be sincere and live up to their commitments, they can resolve the issues through consultations.